Taiwan-based Apple supplier Catcher to sell two divisions to China's Lens for $1.4 billion - Telenor

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August 19, 2020

Taiwan-based Apple supplier Catcher to sell two divisions to China's Lens for $1.4 billion



(Reuters) Taiwan-based Catcher Technology, a supplier to Apple Inc, has agreed to sell two units from its Lyra International division in China to Hunan-based Lens Technology Co for $1.43 billion, a company filing showed.


Headquartered in Tainan, Taiwan, Catcher makes metal casings for a range of consumer electronics, including the iPhone.


Smaller iPhone assembler Wistron last month agreed to sell two of its factories in China to fast-rising Chinese manufacturer Luxshare Precision Industry Co for 3.3 billion yuan ($477 million).


Analysts have said Chinese companies are gearing up to get into the much coveted iPhone assembly chain amid a supply chain reshuffle following the China-U.S. trade war.


Taiwanese firms currently dominate the iPhone supply chain, including Foxconn, the world’s largest contract electronics manufacturer, Pegatron and Wistron.


($1 = 6.9220 Chinese yuan renminbi)


Source: Reuters; Reporting by Josh Horwitz in Shanghai and Ben Blanchard in Taipei; Editing by David Goodman and Susan Fenton 

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